Perpetual Ltd Reduces Holdings in NVIDIA Corporation $NVDA

Key Points

• Perpetual Ltd has significantly reduced its holdings in NVIDIA Corporation, decreasing its ownership by 87.9% during the second quarter, now holding only 115,411 shares valued at approximately $18.2 million.
• Several institutional investors, such as Pachira Investments Inc. and HFG Wealth Management LLC, have slightly increased their positions in NVIDIA over the same period.
• NVIDIA reported $1.05 earnings per share for the latest quarter, exceeding expectations and marking a 55.6% increase in revenue year-over-year, with a net margin of 52.41%.

Perpetual Ltd decreased its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 87.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 115,411 shares of the computer hardware maker's stock after selling 841,907 shares during the quarter. Perpetual Ltd's holdings in NVIDIA were worth $18,234,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in NVDA. Pachira Investments Inc. lifted its holdings in NVIDIA by 1.0% during the second quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker's stock valued at $1,019,000 after purchasing an additional 63 shares in the last quarter. HFG Wealth Management LLC lifted its holdings in NVIDIA by 3.4% during the second quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker's stock valued at $328,000 after purchasing an additional 68 shares in the last quarter. Burkett Financial Services LLC lifted its holdings in NVIDIA by 1.3% during the second quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker's stock valued at $861,000 after purchasing an additional 70 shares in the last quarter. Guided Capital Wealth Management LLC lifted its holdings in NVIDIA by 0.3% during the second quarter. Guided Capital Wealth Management LLC now owns 27,858 shares of the computer hardware maker's stock valued at $4,401,000 after purchasing an additional 70 shares in the last quarter. Finally, Luts & Greenleigh Group Inc. lifted its holdings in NVIDIA by 0.4% during the second quarter. Luts & Greenleigh Group Inc. now owns 19,894 shares of the computer hardware maker's stock valued at $3,143,000 after purchasing an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Trading Up 0.3%

Shares of NVDA opened at $178.19 on Friday. The company's fifty day moving average is $176.60 and its 200 day moving average is $145.99. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.55. The stock has a market capitalization of $4.33 trillion, a PE ratio of 50.77, a P/E/G ratio of 1.29 and a beta of 2.10. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company had revenue of $46.74 billion for the quarter, compared to analysts' expectations of $45.65 billion. During the same quarter in the previous year, the business posted $0.68 earnings per share. NVIDIA's quarterly revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA's payout ratio is 1.14%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of the business's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the transaction, the director owned 7,183,280 shares in the company, valued at $1,265,765,768.80. The trade was a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark A. Stevens sold 350,000 shares of the business's stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the transaction, the director owned 7,399,803 shares in the company, valued at $1,305,251,251.17. This trade represents a 4.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,176,470 shares of company stock worth $720,979,162 over the last quarter. Insiders own 4.17% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. The Goldman Sachs Group reaffirmed a "buy" rating and set a $200.00 price target on shares of NVIDIA in a report on Wednesday, August 27th. Wolfe Research lifted their price target on shares of NVIDIA from $220.00 to $230.00 in a report on Tuesday, September 23rd. KeyCorp reiterated an "overweight" rating and set a $230.00 price objective (up previously from $215.00) on shares of NVIDIA in a research report on Thursday, August 28th. New Street Research lifted their price objective on shares of NVIDIA from $200.00 to $235.00 and gave the company a "buy" rating in a research report on Friday, September 12th. Finally, Stifel Nicolaus lifted their price objective on shares of NVIDIA from $202.00 to $212.00 and gave the company a "buy" rating in a research report on Monday, August 25th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $209.82.

NVIDIA Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

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